View 2015 Chevrolet Camaro Insurance Rates

Do you think you bought overpriced car insurance? Believe me, many consumers are feeling buyer’s remorse and feel like there’s no way out. Companies like Geico, Farmers Insurance and State Farm all claim big savings with advertising and it can be hard to sift through the bull and do the work needed to find the best deal.

Use discounts to get cheaper auto insurance rates

Some companies don’t necessarily list the entire discount list in a way that’s easy to find, so the following is a list of a few of the more well known and the harder-to-find credits that may apply to you.

• Theft Deterent System – Anti-theft and alarm system equipped vehicles are stolen less frequently and will save you 10% or more.
• Club Memberships – Joining qualifying clubs or civic groups may earn a discount when shopping for auto insurance.
• Driver’s Ed – Reduce the cost of insurance for teen drivers by having them successfully complete driver’s ed class if it’s offered in school.
• Good Student Discount – Performing well in school can be rewarded with saving of up to 25%. Most companies allow this discount until age 25.
• Employee of Federal Government – Simply working for the federal government can save as much as 8% on Camaro insurance with certain companies.
• Claim-Free Discount – Drivers with accident-free driving histories pay less as compared to drivers with a long claim history.
• Passive Restraints – Vehicles equipped with air bags or automatic seat belts may earn rate discounts of more than 20%.
• Onboard Data Collection – Drivers who elect to allow their insurance company to monitor vehicle usage by using a telematics device such as Progressive’s Snapshot and State Farm’s In-Drive could see a rate decrease if they are good drivers.
• Pay Early and Save – If you pay your entire premium ahead of time rather than spreading payments over time you may have a lower total premium amount.

A quick disclaimer, some of the credits will not apply to the entire policy premium. Some only apply to the cost of specific coverages such as liability and collision coverage. Even though it may seem like having all the discounts means you get insurance for free, you won’t be that lucky.

A list of auto insurance companies and some of the premium reductions they offer are included below.

• Progressive policyholders can earn discounts including homeowner, continuous coverage, online signing, online quote discount, good student, and multi-vehicle.
• The Hartford may include discounts for bundle, good student, anti-theft, air bag, defensive driver, and vehicle fuel type.
• Mercury Insurance has savings for type of vehicle, annual mileage, professional/association, low natural disaster claims, location of vehicle, good student, and anti-theft.
• Geico has discounts for driver training, military active duty, multi-vehicle, five-year accident-free, federal employee, and daytime running lights.
• AAA offers discounts for anti-theft, multi-policy, pay-in-full, multi-car, and good driver.
• State Farm includes discounts for safe vehicle, anti-theft, Steer Clear safe driver discount, good driver, multiple policy, and multiple autos.

If you are trying to find cheaper insurance quotes, ask every insurance company to apply every possible discount. Depending on the company, some discounts might not apply in your area. To see auto insurance companies that offer some of these discounts, click here to view.

How to compare car insurance quotes

Finding a better price on car insurance is a fairly straight forward process. The only requirement is to spend a little time to compare rate quotes to find out which insurance company has inexpensive insurance quotes. Rate comparisons can be done by using one of the methods below.

Probably the best way to find the lowest comparison rates is to use a rate comparison form click here to open form in new window. This quick form prevents you from having to do a different quote to each individual car insurance company. One form submission compares rates from all major companies.

A slightly less efficient method to compare rate quotes requires visiting each individual company website to complete their respective quote request forms. For example, let’s say you need rates from Progressive, State Farm and GMAC. You would need to take the time to go to each site and type in your information over and over, which can be really labor intensive. To view a list of companies in your area, click here.

The most difficult method to find and compare rates to insurance agents’ offices. Doing it all online makes this unnecessary unless you have a complicated situation and need the personal advice that you can only get from talking to an agent. Drivers can get the lowest quotes online but have a local agent actually write the policy.

Whichever method you choose, make sure you compare the same information with each company. If you use different values for each quote it’s not possible to determine which company has the best rates.

Informed decisions result in lower insurance costs

One of the most helpful ways to save on insurance coverage is to to have a grasp of the different types of things that aid in calculating your policy premiums. When you know what positively or negatively controls the rates you pay, this enables you to make decisions that may result in lower rates. Lots of things are used in the calculation when premium rates are determined. Most are fairly basic like your driving record, although some other factors are not quite as obvious like your continuous coverage and annual miles driven.

• Big cities have higher costs – Residing in areas with lower population is a positive aspect when buying insurance coverage. Drivers in populated areas tend to have much more traffic and longer commutes to work. Lower population translates into fewer accident claims and lower theft and vandalism rates.
• Keep rates low by being claim-free – If you are a frequent claim filer, you should expect increased rates or even have your policy non-renewed. Insurance companies generally give cheaper rates to policyholders who are claim-free. Your car insurance is intended to be relied upon for claims that you cannot pay yourself.
• Multi-policy discounts can save money – Most insurance coverage companies afford a discount for people that have more than one policy in the form of a multi-policy discount. The amount of the discounts can be ten or even fifteen percent. Even though this discount sounds good, consumers should still check prices from other companies to confirm you are receiving the best rates possible. Drivers may still find better rates even if you have your coverage with different companies
• High coverage deductibles equal low rates – Physical damage coverage, also known as collision and other-than-collision, covers your vehicle from damage. Some examples of covered claims could be colliding with a building, hail damage, or theft. The deductibles you choose tell how much you are required to spend out-of-pocket before your insurance coverage pays a claim. The more expense you pay before a claim is paid (deductible), the bigger discount you will receive on Camaro insurance.

Tailor your car insurance coverage to you

When it comes to buying the right insurance coverage for your vehicles, there is no single plan that fits everyone. Every situation is different and your policy should reflect that. These are some specific questions can aid in determining whether or not you would benefit from an agent’s advice.

• Do I need an umbrella policy?
• What is the difference between comprehensive and collision coverage?
• What vehicles should carry emergency assistance coverage?
• Does my car insurance cover rental cars?
• Do I benefit by insuring my home with the same company?
• Am I covered if I hit a deer?
• Do I need special endorsements for business use of my vehicle?

If you can’t answer these questions but one or more may apply to you then you might want to talk to an agent. If you don’t have a local agent, simply complete this short form or click here for a list of car insurance companies in your area. It is quick, free and may give you better protection.

Insurance policy specifics

Learning about specific coverages of a insurance policy can help you determine which coverages you need and the correct deductibles and limits. The coverage terms in a policy can be difficult to understand and even agents have difficulty translating policy wording. These are the normal coverages offered by insurance companies.

Coverage for medical payments – Coverage for medical payments and/or PIP pay for short-term medical expenses for pain medications, EMT expenses, dental work, chiropractic care and X-ray expenses. They can be used to fill the gap from your health insurance program or if you lack health insurance entirely. It covers both the driver and occupants as well as if you are hit as a while walking down the street. PIP coverage is not available in all states and gives slightly broader coverage than med pay

Auto liability insurance – This coverage can cover damages or injuries you inflict on other people or property. This coverage protects you against claims from other people. It does not cover your own vehicle damage or injuries.

Coverage consists of three different limits, per person bodily injury, per accident bodily injury, and a property damage limit. Your policy might show policy limits of 100/300/100 which means $100,000 in coverage for each person’s injuries, a total of $300,000 of bodily injury coverage per accident, and property damage coverage for $100,000. Some companies may use a combined single limit or CSL that pays claims from the same limit with no separate limits for injury or property damage.

Liability insurance covers claims such as pain and suffering, attorney fees and court costs. The amount of liability coverage you purchase is a personal decision, but consider buying higher limits if possible.

Uninsured and underinsured coverage – Uninsured or Underinsured Motorist coverage gives you protection when the “other guys” do not carry enough liability coverage. It can pay for hospital bills for your injuries and also any damage incurred to your Chevy Camaro.

Due to the fact that many drivers only carry the minimum required liability limits, their limits can quickly be used up. This is the reason having UM/UIM coverage is very important. Most of the time the UM/UIM limits are similar to your liability insurance amounts.

Comprehensive coverages – Comprehensive insurance coverage pays for damage OTHER than collision with another vehicle or object. You need to pay your deductible first and then insurance will cover the rest of the damage.

Comprehensive can pay for things like falling objects, hitting a bird and a tree branch falling on your vehicle. The maximum payout you can receive from a comprehensive claim is the market value of your vehicle, so if your deductible is as high as the vehicle’s value consider removing comprehensive coverage.

Collision coverages – Collision insurance pays to fix your vehicle from damage resulting from colliding with another car or object. You have to pay a deductible and then insurance will cover the remainder.

Collision coverage pays for things like crashing into a building, colliding with another moving vehicle, crashing into a ditch, damaging your car on a curb and hitting a mailbox. Collision coverage makes up a good portion of your premium, so consider removing coverage from vehicles that are older. Another option is to bump up the deductible in order to get cheaper collision rates.

Save your cold hard cash

Discount 2015 Chevy Camaro insurance can be found from both online companies as well as from insurance agents, and you should compare rates from both in order to have the best chance of saving money. Some insurance providers do not provide online price quotes and usually these small, regional companies provide coverage only through independent agencies.

As you prepare to switch companies, make sure you don’t reduce coverage to reduce premium. There are too many instances where someone dropped collision coverage only to discover later that the few dollars in savings costed them thousands. The proper strategy is to buy enough coverage at a price you can afford but still have enough coverage for asset protection.

More information is available at these links:

• State Car Insurance Guides (Geico)
• How to Avoid Common Accidents (State Farm)
• Teen Driver Licensing Information (iihs.org)
• Side Impact Crash Tests (iihs.org)
• Uninsured Motorist Statistics (Insurance Information Insitute)
• Airbag FAQ (iihs.org)